SONGWON

A leader in the development, production and supply of specialty chemicals, SONGWON’s products touch your life every day, everywhere. Since 1965, we’ve been driving innovation, partnering for progress and paving the way for a better more sustainable tomorrow with 360° customized solutions.

Headquartered in South Korea, SONGWON is the 2nd largest manufacturer of polymer stabilizers worldwide. With Group companies and world-class manufacturing facilities across the globe, we are dedicated to providing customers in over 60 countries with high-performance products that meet their individual needs and the best levels of service.

Songwon Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland

+41 52 635 0000

www.songwon.com

SONGWON enters exclusive Coatings distributorship with TCL Hofmann for Australia and New Zealand

Songwon Industrial Co., Ltd., announced today that it has entered an exclusive distributor partnership with TCL Hofmann for its Business Unit (BU) Coatings.

SONGWON invests in capacity expansion for semiconductor chemicals production

Today, Songwon Industrial Co., Ltd. announced that it is investing in expanding its chemical production capacity for semiconductors.

SONGWON reports robust Q3 2021 results

SONGWON Industrial Group today released its financial results for the 3rd quarter of 2021. During Q3/2021, the Group achieved consolidated sales of 260,137 Million KRW marking a 33.2% rise in revenue over sales recorded in the same quarter of the previous year (195,237 Million KRW). The Group reported a net profit of 20,972 Million KRW for the 3rd quarter which was more than double the result achieved in Q3/2020 (8,746 Million KRW).

SONGWON announces global price increases for its phosphorous based polymer stabilizers

Songwon Industrial Co., Ltd. today announced global price increases for its phosphorous based polymer stabilizer products to reflect the sudden rise in raw materials costs. The price increases are effective immediately for SONGWON’s phosphites antioxidants: SONGNOX® 1680, SONGNOX® 6260 and SONGNOX® PQ (including subsequent blends) as well as SONGSORB® 7120.

SONGWON Industrial Group announces solid Financial Results for Q2/2021

Today, SONGWON Industrial Group published its audited Q2 and half-year financial results for the 2021 financial year. Over the quarter, the Group achieved consolidated sales of 232,091 Million KRW marking a 17.1% increase in revenue over the same quarter of the previous year. Year-to-date (YTD), the Group realized consolidated sales of 454,578 Million KRW, representing an 11.2% rise over YTD June 2020 (408,688 Million KRW), and recorded a net profit of 24,137 Million KRW delivering a 45.4% increase over the same reporting period in the previous year (YTD June 2020: 16,604 Million KRW). In addition, the Group’s gross profit margin achieved in Q2/2021 was 22.5% and YTD 22.0% reflecting an increase of 1.4%-points and 1.6%-points over the prior year comparable period.

SONGWON and SABO extend their long-standing partnership

Songwon Industrial Co., Ltd. is pleased to announce today that the worldwide exclusive distributorship (non-exclusive for Europe) with SABO S.p.A. for the SABOSTAB® HALS portfolio which includes hindered amine light stabilizers (HALS) and oxanilide UV Absorbers has been extended.

SONGWON’s distribution partnership with MegaChem expanded

SONGWON’s distribution partnership with MegaChem expanded.
(Photo: Songwon Industrial Co., Ltd.)Songwon Industrial Co., Ltd. announced today that it has expanded its distribution partnership with MegaChem. Since September 2019, MegaChem has been the exclusive distributor of SONGWON’s antioxidants for fuels and lubricants in the ASEAN region. On the back of the success in these countries, SONGWON has extended MegaChem’s coverage to include Australia and New Zealand (ANZ).

SONGWON Industrial Group announces Financial Results for Q1/2021

SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the 1st quarter of the year, ended March 31st, 2021. Following the surge in demand observed at the end of 2020, especially from customers in Asia, SONGWON entered the new fiscal year positively with demand continuing to rise across its markets. During Q1, the Group achieved consolidated sales of 222,487 Million KRW. When compared to sales in Q1/2020 (210,543 Million KRW), this marked a 5.7% increase in revenue. In addition, SONGWON’s gross profit margin reached 21.6% (Q1/2020:19.7%) in Q1/2021 and a decrease in net profit (Q1/2021: 9,164 Million KRW) of 18.0% was recorded over Q1/2020 (11,182 Million KRW) due to the anticipated losses recognized in March 2021 related to the sale of 72% interest in Qingdao Long Fortune Songwon Chemical Co., Ltd. with effective date as of April 30, 2021.

SONGWON establishes new entity in China

Songwon Industrial Co., Ltd., announces the establishment of its new business entity in China, SONGWON International-Qingdao Co., Ltd. The new organization will ensure that SONGWON remains well-positioned to continue providing customers in this important strategic region with high quality products and service.

SONGWON announces further price increases for its polymer stabilizers

Songwon Industrial Co., Ltd. today announced global price increases on all its polymer stabilizers products. The increases are effective immediately or as contracts allow.

SONGWON announces exclusive distribution partnership with Chemo International Inc.

Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and key global player in the specialty chemicals business is pleased to announce that it has entered a distribution partnership with Chemo International Inc., for its Business Unit (BU) Coatings.

SONGWON Industrial Group reports stable results for FY 2020

SONGWON Industrial Group (www.songwon.com) today released its financial results for FY 2020. During Q4/2020, revenues recovered and amounted to 203,843 Million KRW on December 31, 2020, marking a 3.4% increase compared to the same quarter of 2019. SONGWON recorded overall consolidated sales of 807,768 Million KRW for FY 2020 which was slightly lower (-0.8%) than the consolidated sales in FY 2019 (814,340 Million KRW).

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